Cemindia Projects Limited (formerly ITD Cementation India Limited) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. For the third quarter of fiscal year 2026 (Q3 FY26), the company reported consolidated revenue of ₹2,315 crore, a 2% year-on-year increase from ₹2,270 crore in Q3 FY25. EBITDA stood at ₹245 crore, up 13% from ₹217 crore in the prior year period, with an EBITDA margin of 10.6% compared to 9.6% in Q3 FY25. Profit After Tax (PAT) for the quarter was ₹111 crore, a significant 27% jump from ₹87 crore in Q3 FY25, resulting in a PAT margin of 4.8% versus 3.8% in the same period last year. The improvement in margins was attributed to execution strength, operating leverage, a better project mix, and disciplined cost management. During Q3 FY26, Cemindia Projects secured new contracts worth ₹3,535 crore. Major orders included ₹1,393 crore for the Pune underground metro, ₹605 crore for the Container Berth Ph II at Vizhinjam, ₹580 crore for a marine project in Visakhapatnam, and ₹485 crore for CS works for an 80MW Data Center in Maharashtra. For the nine months ended December 31, 2025 (9M FY26), consolidated revenue grew by 6% year-on-year to ₹7,087 crore from ₹6,714 crore in 9M FY25. EBITDA increased by 12% to ₹749 crore from ₹668 crore, with the EBITDA margin rising to 10.6% from 10.0%. PAT saw a substantial growth of 37% to ₹356 crore from ₹259 crore, and the PAT margin improved to 5.0% from 3.9%. The company secured new contracts totaling ₹9,725 crore in 9M FY26. The company's order book as of December 31, 2025, stood at ₹21,879 crore, with Maritime Structures (33.9%), Urban Infrastructure, MRTS and Airports (27.0%), and Industrial Structures and Buildings (19.7%) being the largest segments. The order book to sales ratio ensures approximately two years of cash flow visibility. Cemindia Projects' credit rating was upgraded to A+ by CARE and ICRA in February 2026, reflecting a significant ramp-up in operations, a strong diversified orderbook, favorable change in ownership, and a demonstrated track record in project execution. The company highlighted India's infrastructure upcycle, driven by government initiatives like NIP & Gati Shakti, rapid urbanization, and increased capital allocation, presenting significant opportunities for Cemindia.
